economic loss rule

Torts. The principle that a plaintiff cannot sue in tort to recover for purely monetary loss — as opposed to physical injury or property damage — caused by the defendant.

• Many states recognize an exception to this rule when the defendant commits fraud or negligent misrepresentation, or when a special relationship exists between the parties (such as an attorney–client relationship).

— Also termed economic-harm rule; economic-loss doctrine.

---

词条贡献者

资深译员Brendan，毕业于亚洲一流的高级翻译学院，擅长翻译各类与商业与人权诉讼相关的法律文件。